Financial commission cautions against investing in high-risk crypto assets
A New Brunswick resident lost money to a company claiming to operate from Germany The province’s Financial and Consumer Services Commission has issued a warning about high-risk crypto asset investing after a New Brunswick resident lost money to a company called 4XFX.net. The company claims to operate a bitcoin trading investment platform from Germany. On its website, the […]
Middle of prosperity pack
A new report from the Business Council of British Columbia called the Prosperity Index is aimed at determining whether overall living standards in B.C are improving over time, and offering insights on how to improve them. The index attempts to boil down Canada’s and British Columbia’s overall well-being to a single ranking. Using data from […]
How to raise a whiz kid investor
Plenty of parents start their kids off with a piggy bank to underscore the importance of savings. Very few teach their children how to invest. “Investing is something a lot of parents struggle with,” said Roger Young, a senior financial planner at T. Rowe Price in Owings Mills, Maryland. Parents who don’t have best habits […]
Americans Are Saving More, and That Isn’t Necessarily Good
From the 1980s through 2007, household saving followed a predictable pattern. It typically rose after a recession as people paid down debt and rebuilt balance sheets, then declined as they grew more optimistic—and spendthrift. That hasn’t happened during the current expansion. The personal-saving rate, the portion of after-tax income that consumers don’t spend, rose from […]
Two world travelers who retired at 31 as millionaires say there’s a ‘dark side’ to early retirement. Here’s how they tackled the 3 biggest downsides.
Getting through a day of work can be challenging. But it can also be challenging not having to work. Take it from Kristy Shen and Bryce Leung of Millennial Revolution. The two former computer engineers quit their jobs at 31 as millionaires to travel the world. In their book, ” Quit Like a Millionaire,” they […]
Kiplinger’s Personal Finance: New tax form created just for seniors
A new Form 1040 tailored to taxpayers 65 and older is making its debut. In mid-July, the IRS released a draft form of the 1040-SR, “U.S. Tax Return for Seniors.” The form is designed to be easy for seniors to use and highlights retirement income streams and other tax benefits for older taxpayers. People 65 […]